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GC Asia
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Goldman, BofA take most of mammoth mortgage bond bidlist
Cerberus Capital Management drew strong demand for its 48-line item bidlist of mezzanine mortgage bonds on Thursday, with winning bids for most of the bonds in the nearly day-long sale going to Goldman Sachs and Bank of America, sources tell GlobalCapital.
23 Oct 2020 -
LendingPoint closes first revolving consumer loan ABS
Online consumer lender LendingPoint has closed its first ever revolving loan ABS backed by non prime loans in a move to expand its presence in the securitization market.
22 Oct 2020 -
Window closing for euro ABS primary
Most euro ABS issuers are holding off on new deals until the results of upcoming US presidential election, according to sources, with about only a one month window of opportunity in November between the election and intensifying Brexit headline risk.
22 Oct 2020 -
Pimco, GECAS launch aircraft investment platform
Pimco is teaming up with GE Capital Aviation Services (GECAS) to create an aircraft leasing investment platform to support up to $3bn in aircraft asset financing. Sources say it will provide a new funding option and inject liquidity into the aviation industry at a time when it is badly needed.
21 Oct 2020 -
Janus Henderson launches new ABS fund
Janus Henderson Investors has launched a new ABS fund, named the Janus Henderson Asset-Backed Fund, to be offered to institutional investors in a UCITS structure.
21 Oct 2020 -
Peer to peer lending sunsets as pandemic strains model
The peer to peer lending model may be nearing the end of its lifecycle, signalled by LendingClub’s announcement that it would shutter its retail investor platform. With heightened regulatory risk and disappointing returns compared with securitization or whole loan sales, sources say the demise of peer to peer lending is becoming inevitable.
20 Oct 2020 -
Securitization + blended finance = impact
Investors wanting to make a social impact with their money are often caught between two pitfalls. Targeted social investments can seem too risky and off the beaten track — but safer alternatives have little additionality.
20 Oct 2020 -
Mercedes announces first French Silver Arrow auto ABS
Mercedes-Benz has mandated banks led by sole arranger Société Générale for a new Silver Arrow auto ABS, the first in the shelf collateralised by French loans.
19 Oct 2020 -
Intesa Sanpaolo completes €2bn SME risk transfer with EIB
Intesa Sanpaolo has issued a €2bn risk transfer securitization to help fund Italian SMEs, boosted by an investment from the EIB and the EIF.
19 Oct 2020 -
EIB boosts SRT investment commitment by €1bn
The newly established European Guarantee Fund has greenlit a further €1bn lending for risk sharing products, allowing the EIB to continue investing in significant risk transfer (SRT) transactions to support European SMEs.
16 Oct 2020
ABS
